Infosys to announce Q2FY18 results on Oct 24

India Infoline News Service | Mumbai | October 24, 2017 12:43 IST

Infosys, a global leader in consulting, technology, outsourcing and next-generation services, will announce the results for its second quarter ended September 30, 2017 on Tuesday, October 24, 2017.

Infosys, a global leader in consulting, technology, outsourcing, and next-generation services, will announce the results for its second quarter ended September 30, 2017, on Tuesday, October 24, 2017, around 3:45 p.m.
Here is the street expectation for the company’s Q2FY18:
  • PAT likely to be flat at Rs 3,496 crore against Rs 3,483 crore.
  • Revenue likely to increase by 3.2% to Rs 17,630 crore.
  • Constant currency revenue growth is expected to be at 2.2% vs 2.7%, while dollar revenue to grow 3.3% to $ 2,738 million.
  • EBIT may decline to Rs 4,097 crore compared with Rs 4,111 crore.
In Q1FY18, the Company had posted 1.3% increase in net profit to Rs 3,483 crore helped by client wins in key markets, and raised its annual US dollar revenue outlook.

Its revenue grew 1.7% to Rs 17,078 crore in the first quarter of 2017-18 as against Rs 16,782 crore in the year-ago period.
In terms of guidance for FY18, the company retained its guidance at 6.5%-8.5% in constant currency growth.

On operating margin front, guidance remained at 23%-25%.

Stock view:
Infosys Ltd ended at Rs 939.65, up by Rs 12.55 or 1.35% from its previous closing of Rs 927.1 on the BSE. The scrip opened at Rs 928.2 and touched a high and low of Rs 942.8 and Rs 928.2 respectively. The current market cap of the company is Rs 212954.25 crore. The stock traded above its 200 DMA.

Infosys, the second largest IT company, derived major share of ~27.1% of its revenue from BFSI vertical in FY17. Other drivers included energy & utilities, communication and services 22.5%, followed by retail consumer packed-goods and logistic ~16.4% in FY17. North America accounted for ~61.9% of the revenue followed by Europe (~22.5%) in FY17.

***Note: This is a NSE Chart

 

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